Latest news with #WDC
Yahoo
3 hours ago
- Business
- Yahoo
Sandisk Announces Launch of Secondary Offering of Common Stock
MILPITAS, Calif., June 04, 2025--(BUSINESS WIRE)--Sandisk Corporation (Nasdaq: SNDK) (the "Company" or "Sandisk") announced today the launch of a secondary public offering (the "Offering") of 17,000,000 shares of its common stock (the "SNDK Shares") currently owned by Western Digital Corporation, the Company's former parent ("WDC"). Sandisk is not selling any shares of common stock and will not receive any proceeds from the sale of the SNDK Shares in the Offering or from the debt-for-equity exchange (described below). Prior to the closing of the Offering, WDC is expected to exchange the SNDK Shares for certain indebtedness of WDC held by affiliates of J.P. Morgan Securities LLC and BofA Securities (such affiliates, the "debt-for-equity exchange parties"). Upon the consummation of the debt-for-equity exchange, WDC is expected to deliver the SNDK Shares, at the request of the debt-for-equity exchange parties, to J.P. Morgan Securities LLC and BofA Securities, in their capacity as selling stockholders in the Offering (in such capacity, the "Selling Stockholders"). Following the debt-for-equity exchange, if consummated, the Selling Stockholders intend to sell the SNDK Shares to the underwriters in the Offering. The Selling Stockholders in the Offering have granted the underwriters an option (the "greenshoe") to purchase up to 2,550,000 additional shares of Sandisk common stock at the public offering price less the underwriting discount for 13 days. Following the completion of the debt-for-equity exchange, and if the greenshoe is completely exercised by the underwriters, WDC would own 9,277,787 shares of SNDK Shares. J.P. Morgan Securities LLC and BofA Securities are acting as the joint lead book-runners for the Offering and the representatives of the underwriters of the Offering. A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. Before you invest, you should read the registration statement (including the preliminary prospectus included therein) for more complete information about the Company and this Offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at Alternatively, copies of the preliminary prospectus relating to the Offering, when available, may be obtained from J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by e-mail at prospectus-eq_fi@ and postsalemanualrequests@ or BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or by e-mail at This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Sandisk Sandisk is a leading developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology. With a differentiated innovation engine driving advancements in storage and semiconductor technologies, its broad and ever-expanding portfolio delivers powerful flash storage solutions for everyone from students, gamers and home offices, to the largest enterprises and public clouds to capture, preserve, access and transform an ever-increasing diversity of data. The Company's solutions include a broad range of solid state drives, embedded products, removable cards, universal serial bus drives, and wafers and components. Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws, including statements about the size of the Offering. These forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, please refer to the risks discussed under the caption "Risk Factors" in the Company's Registration Statement on Form S‑1 filed on April 18, 2025, as amended on May 1, 2025, May 30, 2025 and June 4, 2025. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update or revise these forward-looking statements, except as required by law. View source version on Contacts Company Contacts: Sandisk Corporation Investor Contact: Ivan Donaldson E: investors@ Media Contact: Media Relationsmediainquiries@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 hours ago
- Business
- Business Wire
Sandisk Announces Launch of Secondary Offering of Common Stock
MILPITAS, Calif.--(BUSINESS WIRE)--Sandisk Corporation (Nasdaq: SNDK) (the 'Company' or 'Sandisk') announced today the launch of a secondary public offering (the 'Offering') of 17,000,000 shares of its common stock (the 'SNDK Shares') currently owned by Western Digital Corporation, the Company's former parent ('WDC'). Sandisk is not selling any shares of common stock and will not receive any proceeds from the sale of the SNDK Shares in the Offering or from the debt-for-equity exchange (described below). Prior to the closing of the Offering, WDC is expected to exchange the SNDK Shares for certain indebtedness of WDC held by affiliates of J.P. Morgan Securities LLC and BofA Securities (such affiliates, the 'debt-for-equity exchange parties'). Upon the consummation of the debt-for-equity exchange, WDC is expected to deliver the SNDK Shares, at the request of the debt-for-equity exchange parties, to J.P. Morgan Securities LLC and BofA Securities, in their capacity as selling stockholders in the Offering (in such capacity, the 'Selling Stockholders'). Following the debt-for-equity exchange, if consummated, the Selling Stockholders intend to sell the SNDK Shares to the underwriters in the Offering. The Selling Stockholders in the Offering have granted the underwriters an option (the 'greenshoe') to purchase up to 2,550,000 additional shares of Sandisk common stock at the public offering price less the underwriting discount for 13 days. Following the completion of the debt-for-equity exchange, and if the greenshoe is completely exercised by the underwriters, WDC would own 9,277,787 shares of SNDK Shares. J.P. Morgan Securities LLC and BofA Securities are acting as the joint lead book-runners for the Offering and the representatives of the underwriters of the Offering. A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission (the 'SEC') but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. Before you invest, you should read the registration statement (including the preliminary prospectus included therein) for more complete information about the Company and this Offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at Alternatively, copies of the preliminary prospectus relating to the Offering, when available, may be obtained from J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by e-mail at prospectus-eq_fi@ and postsalemanualrequests@ or BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or by e-mail at This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Sandisk Sandisk is a leading developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology. With a differentiated innovation engine driving advancements in storage and semiconductor technologies, its broad and ever-expanding portfolio delivers powerful flash storage solutions for everyone from students, gamers and home offices, to the largest enterprises and public clouds to capture, preserve, access and transform an ever-increasing diversity of data. The Company's solutions include a broad range of solid state drives, embedded products, removable cards, universal serial bus drives, and wafers and components. Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws, including statements about the size of the Offering. These forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, please refer to the risks discussed under the caption 'Risk Factors' in the Company's Registration Statement on Form S‑1 filed on April 18, 2025, as amended on May 1, 2025, May 30, 2025 and June 4, 2025. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update or revise these forward-looking statements, except as required by law.
Irish Independent
5 days ago
- Business
- Irish Independent
€50 million plan to create 5,000 jobs in Ireland's West and North West unveiled
Minister for Rural and Community Development and the Gaeltacht, Dara Calleary officially launched the Western Development Commission's new five-year strategy 'Unlocking Potential, Driving Change: A Strategy for Regional Growth and Collaboration 2025–2029' in Ballina, Co. Mayo. The strategy outlines a roadmap to position Ireland's West and North West as national leaders in innovation, digital transformation, and inclusive growth, with collaboration at its core. The strategy marks the next phase in the WDC's evolution, building on over 25 years of impact across enterprise, investment, and community development. It reflects a confident, tested regional model, now entering its most ambitious chapter. Minister Dara Calleary said: 'This is a roadmap for real impact. It shows how strategic collaboration and local leadership can turn national ambition into local opportunity. The Western Region is not waiting for change - it plans to shape it. The strategy aligns with Our Rural Future, the Governments rural development policy, and reinforces this Government's commitment to balanced regional growth, innovation, and inclusive economic opportunity across Ireland.' 'This is not a new beginning, it's the next step,' said Allan Mulrooney, CEO of the WDC. 'We've co-created a strategy that is both ambitious and grounded in what already works. In the years ahead, talent, not geography will shape the West's future. But talent needs the right conditions to thrive. That's why this strategy focuses on investing in high-potential companies, supporting resilient communities, and testing scalable solutions for rural Ireland. From AI to climate action, social enterprise to creative industries—we're building the platforms to turn regional potential into long-term impact.' The strategy is structured around four interconnected growth drivers—each designed to deliver outcomes: Heritage – safeguarding cultural and natural assets while fostering innovation rooted in place. Horizons – embracing global opportunities and scaling sectors like MedTech, renewable energy, AgriTech, and the creative economy. Harnessing Talent – supporting flexible work, digital skills, AI readiness, and inclusive careers across all life stages. Hubs – enabling collaboration and connectivity through a dynamic network of physical and digital infrastructure. To translate ambition into measurable impact, the strategy sets out a suite of key targets for 2025–2029, including: Investing €50 million in the region—€35 million through the WDC's evergreen Investment Fund and €15 million from EU funding sources. Supporting the creation of 5,000 jobs through enterprise and regional development projects. Reaching 400 Connected Hubs and evolving the network as a platform to deliver AI upskilling, digital transformation, and climate action directly into communities. Delivering over 100 high-impact projects across SMEs, social enterprises, and the creative sector through the Investment Fund and supporting a further 1,000 SMEs through EU-funded programmes. Reaching an annual audience of 1 million through initiatives that globally promote the Western Region. Eugene Cummins, Chairperson of the WDC, said: 'Unlocking regional potential takes more than investment, it takes cohesion. This strategy is a product of deep collaboration across sectors and communities. It reframes rural Ireland not as the periphery, but as a place of real and rising potential.' Over the next five years, the WDC will work closely with government departments, local authorities, enterprise agencies, communities, and academic institutions to ensure the region progresses as a unified whole, while recognising that different areas, particularly the Northwest, require tailored approaches. In a time of rapid change, where the way we work, climate resilience, and evolving technologies are reshaping every region, Unlocking Potential, Driving Change lays the foundation for inclusive, resilient, and future-focused growth. It is a strategy that brings policy, people, and possibility into alignment for the West, and for the country. The Western Development Commission operates under the auspices of the Department of Rural and Community Development and the Gaeltacht.
RTÉ News
5 days ago
- Business
- RTÉ News
WDC launch 5-year strategy to support creation of 5,000 jobs
The Western Development Commission has launched a five-year strategy that sets out to support the creation of 5,000 jobs through enterprise and regional development projects. The strategy sets out a roadmap that will see the WDC invest €50 million in the western region including €35m drawn from its own investment fund and €15m sourced from EU funding. A €35m investment from the WDC's fund will see €25m earmarked for SMEs, €7m for social enterprises and €3m for creative industries. The WDC aims to secure a further €15m investment through EU-funded projects, including participation in Interreg, the Northern Periphery and Arctic Programme and Horizon Europe. It is envisaged that the combined impact of the WDCs various programmes and initiatives will contribute to supporting 5,000 new jobs by 2030. Established in 1999, the WDC operates as a State agency under the remit of the Department of Rural and Community Development to promote and support social and economic development in counties Donegal, Sligo, Leitrim, Mayo, Roscommon, Galway, and Clare. Minister for Rural and Community Development and the Gaeltacht Dara Calleary launched 'Unlocking Potential, Driving Change: A Strategy for Regional Growth and Collaboration 2025–2029' in his hometown of Ballina, Co Mayo this afternoon. Mr Calleary said the five-year WDC strategy aligns with the Government's rural development policy and reinforces their commitment to balanced regional growth and innovation. Some of the WDC's key targets include increasing the number of connected hubs from approximately 380 to 400 hubs while developing the connected hubs network as a platform to deliver AI upskilling and other digital skills. The Western Investment Fund portfolio currently consists of 120 companies and projects valued at €90m. The WDC plans to deliver more than 100 projects across SMEs, social enterprises, and the creative sector through its Investment Fund and support a further 1,000 SMEs through EU-funded programmes. CEO of the WDC Allan Mulrooney said the strategy focuses on investing in high-potential companies, supporting communities, and testing scalable solutions in rural Ireland. "We've co-created a strategy that is both ambitious and grounded in what already works. In the years ahead, talent, not geography, will shape the West's future. But talent needs the right conditions to thrive," Mr Mulrooney said. "From AI to climate action, social enterprise to creative industries - we're building the platforms to turn regional potential into long-term impact," Mr Mulrooey added. The organisation also plans to reach an annual audience of more than one million people to promote the region as a place to live, work and to carry out business.
BBC News
7 days ago
- General
- BBC News
RSPB Bempton Cliffs becomes first Shorewatch site in England
A nature reserve has become the first site in the UK to carry out "structured watches" to monitor marine mammals in the North Bempton Cliffs in East Yorkshire will have 28 volunteers looking for minke whales, dolphins and grey and harbour project, called Shorewatch, is a partnership between the RSPB and Whale and Dolphin Conservation (WDC).Katie Dyke, the Shorewatch co-ordinator, said: "The data being gathered here will help strengthen our understanding of how cetaceans use the English coastline and how best to safeguard them." She added: "The high cliffs give excellent visibility, and the volunteer team has been so committed."We're not only recording vital data but also inspiring people to care about marine life on their doorstep." Shorewatch was first launched across Scotland by the WDC in 2005 and RSPB Bempton Cliffs is the first location in England to join the use specialist marine binoculars to scan the sea for 10 minutes before they log their findings into a dedicated app. The data is then used by experts for national research and conservation Bempton Cliffs is home to about half a million seabirds including gannets, kittiwakes, guillemots and razorbills. About 3,000 puffins also breed at the cliffs each O'Hara, the reserve manager, said: "Visitors travel from right across the UK and overseas to see seabirds in their thousands here, but they also have the chance to spot something spectacular out at sea too."We hope to become just as famous for sightings of whales, dolphins and porpoises." Analysis - Paul Murphy, Environment Correspondent If you've been lucky enough to witness the acrobatics of a dolphin pod or a whale engaged in a feeding frenzy, you'll understand why this project is so is perhaps no better place for a survey of this kind than the towering cliffs of offers a natural vantage point 300ft (90m) above the beach and a vast area of the North Sea is project, largely staffed by volunteers, is about much more than entertainment and are gathering hard data on the habits and movements of whales, dolphins and has rarely been more important to do North Sea is an increasingly busy place, hosting everything from industrial fishing to some of the biggest offshore wind turbines in the are keen to understand the impact human activity is having on such an important natural modern conservation, data is decades, Bempton's seabird population has been forensically some of those binoculars are turning away from the nests on the cliffs to scan the waves for flippers and fins. Listen to highlights from Hull and East Yorkshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
